Forex Blog

First-hand Forex trading experience and information about foreign exchange market that will be useful to traders

Archives

Dollar Receives Hit from Nonfarm Payrolls

April 3, 2015 by

The dollar received a serious hit from nonfarm payrolls that missed analysts’ estimates by a wide margin. This led to big losses for the greenback despite today’s thin trading.

Nonfarm payrolls rose 126k in March. The rate of growth was almost two times slower than the forecast 246k. On top of that, the previous month’s increase was revised from 295k to 264k. Unemployment rate stayed at 5.5 percent as was expected. Average hourly earnings grew 0.3%, a bit more than forecasts (0.2%) and compared to the growth in the preceding reporting period (0.1%.) (Event A on the chart.)

EUR/USD for 2015-04-03

If you have any comments on the recent EUR/USD action, please reply using the form below.

Leave a Reply

required
required (will not be published)
optional